Yellen Heads to Congress Wondering Why Job Market Hot, Wages Not
- Fed chair testifies amid strong job market and low inflation
- Congressional questions can range from technical to weird
Intellectual Partners' Emons on Fed's Strategy
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Janet Yellen is getting ready to feel the heat, and not just because it’s July in Washington.
The Federal Reserve chair, during her semiannual testimony to Congress over the years, has been quizzed on topics ranging from the Volcker rule to God’s plan for interest rates. Yellen’s opening statement will be released at 8:30 a.m. Wednesday and her hearing before the House Financial Services Committee starts at 10 a.m., followed by the Senate Banking Committee the next day.